The government of Nova Scotia announced on July 10 a Request for Proposals (RFP) will be issued to attract low-cost and innovative solutions to supply 10 per cent of the province’s electricity from renewables, such as wind and solar.
This will create 4,000 jobs and reduce Nova Scotia’s greenhouse gas emissions by more than 1 million tonnes each year as the RFP seeks 350 megawatts of electricity from renewables.
“This is about doing what's right for ratepayers and keeping electricity affordable,” said former Premier Rankin. “It also ensures we mitigate risks for ratepayers and establish an energy sector that attracts business.”
The premier also announced an aggressive, new renewable electricity standard, requiring 80 per cent of Nova Scotia’s electricity to come from renewable resources by 2030.
This call for proposals will help the province get closer to the 80 per cent target and support the province’s goal of achieving a 53 per cent reduction in greenhouse gas emissions by 2030 and net-zero by 2050.
The requests for proposals are being administered by Coho (formerly CustomerFirst Renewables). Other RFPs will be issued at a future date to meet the needs of our renewable energy ambitions.
The province is in negotiations with the Canada Infrastructure Bank to collaborate on innovative and competitive financing arrangements for bidders.
1) Submit a Notice of Intent to Bid
2) Prepare & Submit a Proposal
3) PA to Evaluate Proposals
The information shared above is originally from a July 10th, 2021 press release viewable here: https://novascotia.ca/news/release/?id=20210710001